Thank you. We will be in touch shortly.

Request
Quick Call
Request Quick Call

Thank you. We will be in touch shortly.

 

Q2 2022 eAuction Savings Report

Date posted: Aug 4, 2022
Estimated read: 2 min
Author: Henrik Balslev
Topics: eAuction

Every quarter, Scanmarket reports on statistics covering insights into the savings performed by e-auctions executed globally. The statistics are provided for procurement professionals who wish to better understand and optimize their businesses to achieve higher savings and efficiency. Scanmarket has been reporting these statistics each quarter since 2006, and they continue to be a highly valuable data asset to gain insights into categories and strategic sourcing trends.

Savings

The first quarter of 2022 set e-auctions on a course to recovery with almost 5% saved (vs current price) recorded across all categories. Savings for the second quarter came in at 2.82%. While this figure is lower than the first quarter, the top 10 most auctioned categories look incredibly healthy.

Categories

On a top 10 category by category basis, Q2 of 2022 has been the most positive data set since before the surge in global commodity prices in 2020. The remaining categories were a selection of heavy hitters that underperformed compared to previous quarters which skewed the overall impact, suggesting a poorer outlook than many categories would currently suggest.

Volume

In recent times, we’ve seen bumper increases in the number of auctions being conducted, and the second quarter of 2022 was no different. Despite purchasing challenges globally, the total number of auctions conducted in Q2 of 2022 was up almost 38% compared to Q2 of 2021.

Download the Q2 2022 eAuction Savings Report to learn more. 

New call-to-action


About the author

Henrik Balslev
Chief Commercial Officer

Henrik Balslev is responsible for the overall delivery of consultancy and customer services in Europe. In addition to managing many of Scanmarket’s largest customer accounts, Henrik has lead responsibility for sales in the Nordic countries.

See authors posts
Recent blogs
WEBINAR: Making the Case to Ditch Underperforming Software

WEBINAR: Making the Case to Ditch Underperforming Software

Is the grass greener on the side? Or, why should you consider switching software vendors? CIOs realize huge gains when they don't just auto-renew vend…

Read article  
Supplier Diversity Roundtable

Supplier Diversity Roundtable

From this session I have set out some of the key challenges as well as the consensus for action on supplier diversity.

Read article  
2022 Gartner Magic Quadrant for Contract Lifecycle Management

2022 Gartner Magic Quadrant for Contract Lifecycle Management

Magic Quadrants offer visual snapshots, in-depth analyses, and actionable advice that provide insight into a market's direction, maturity, and partici…

Read article